(Reuters) – The head of Exxon Mobil (XOM.N) stopped short of blaming speculators for the run-up in oil prices, but he told Congress on Thursday that based only on the fundamentals of supply and demand, the price of oil should be in the range of $60 to $70 a barrel.
More here: Exxon says oil barrel should be in $60-$70 range | Reuters.
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